IPG Photonics

OverviewSuggest Edit

IPG Photonics is a company that develops, manufactures, and sells high-performance fiber lasers, fiber amplifiers, and diode lasers. It also manufactures optical delivery cables, fiber couplers, beam switches, optical processing heads, in-line sensors, chillers, and other products. IPG Photonics' products are used in materials processing, communications, medical and advanced applications.
TypePublic
Founded1990
HQOxford, MA, US
Websiteipgphotonics.com
Employee Ratings3.2
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2021)6,580(+9%)
Job Openings187
Revenue (FY, 2021)$1.5 B(+22%)
Share Price (Jul 2022)$106.6
Cybersecurity ratingFMore
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Key People/Management at IPG Photonics

Eugene Scherbakov

Eugene Scherbakov

Chief Executive Officer and Director
Timothy P.V. Mammen

Timothy P.V. Mammen

Chief Financial Officer and Senior Vice President
Alexander Ovtchinnikov

Alexander Ovtchinnikov

Senior Vice President, Chief Technology Officer
Felix Stukalin

Felix Stukalin

Senior Vice President, Chief Operating Officer and Director
Angelo P. Lopresti

Angelo P. Lopresti

General Counsel, Secretary, and Senior Vice President
Trevor D. Ness

Trevor D. Ness

Senior Vice President, Sales and Strategic Business Development
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IPG Photonics Office Locations

IPG Photonics has offices in Oxford, Anaheim, Birmingham, Dallas and in 30 other locations
Oxford, MA, US (HQ)
50 Old Webster Rd
Anaheim, CA, US
3150 La Palma Ave K
Birmingham, AL, US
100 Lucerne Ln
Dallas, TX, US
3400 Carlisle St #210
Fridley, MN, US
5110 Main St NE #1400
Marlborough, MA, US
377 Simarano Dr, Marlborough
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IPG Photonics Financials and Metrics

IPG Photonics Revenue

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IPG Photonics's revenue was reported to be $1.46 b in FY, 2021
USD

Revenue (Q1, 2022)

370.0m

Gross profit (Q1, 2022)

171.8m

Gross profit margin (Q1, 2022), %

46.4%

Net income (Q1, 2022)

69.6m

EBIT (Q1, 2022)

93.1m

Market capitalization (29-Jul-2022)

5.7b

Closing stock price (29-Jul-2022)

106.6

Cash (31-Mar-2022)

642.5m

EV

5.1b
IPG Photonics's current market capitalization is $5.7 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

1.3b1.2b1.5b

Revenue growth, %

(10%)(9%)

Cost of goods sold

708.4m661.7m764.5m

Gross profit

606.2m539.0m696.4m
Quarterly
USDQ2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

296.4m318.4m345.6m371.7m379.2m370.0m

Cost of goods sold

160.0m165.6m181.6m191.1m193.3m198.2m

Gross profit

136.4m152.8m164.0m180.5m185.9m171.8m

Gross profit Margin, %

46%48%47%49%49%46%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

680.1m876.2m709.1m

Accounts Receivable

238.5m264.3m262.1m

Prepaid Expenses

55.9m57.8m73.3m

Inventories

380.8m365.0m460.7m
Quarterly
USDQ2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

747.9m763.9m896.7m754.2m794.9m642.5m

Accounts Receivable

203.6m240.4m252.9m250.7m272.7m257.5m

Prepaid Expenses

68.1m58.9m65.9m73.2m63.9m82.8m

Inventories

367.2m370.3m368.1m404.5m435.1m485.0m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

180.3m160.3m277.9m

Depreciation and Amortization

96.3m94.6m96.3m

Inventories

(28.1m)(39.9m)(149.8m)

Accounts Payable

(10.3m)(1.9m)31.0m
Quarterly
USDQ2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

75.1m110.7m68.2m137.9m212.6m69.6m

Depreciation and Amortization

47.4m71.2m23.8m48.0m72.1m23.4m

Inventories

(15.2m)(34.2m)(20.1m)(61.2m)(105.4m)(51.0m)

Accounts Payable

13.2m8.8m19.0m24.9m26.3m(8.4m)
USDFY, 2019

EV/EBIT

30.2 x

EV/CFO

21.8 x

Revenue/Employee

220.6k

Financial Leverage

1.1 x

P/E Ratio

43.3
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IPG Photonics Operating Metrics

IPG Photonics's Backlog was reported to be $673.7m in FY, 2020.
FY, 2018FY, 2019FY, 2020

Backlog

$712.3 m$693.4 m$673.7 m

Countries

19

Patent Applications

430450475

Patents Issued

350400500

IPG Photonics Acquisitions / Subsidiaries

Company NameDateDeal Size
Pi-Tecnologia S.A.December 31, 2020$2.72 m
Genesis Systems GroupDecember 12, 2018$115 m
Laser Depth DynamicsDecember 04, 2017
ILTJune 19, 2017$40 m
OptiGrate CorporationMay 23, 2017
Menara NetworksMay 09, 2016
Mobius PhotonicsMarch 13, 2013
JPSASeptember 04, 2012
IPG Laser GmbH

IPG Photonics Revenue Breakdown

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IPG Photonics revenue breakdown by business segment: 90.7% from Materials Processing and 9.3% from Other

IPG Photonics revenue breakdown by geographic segment: 37.5% from China, 7.0% from Germany, 21.6% from North America, 9.5% from Other Asia and Australia, 19.8% from Other Europe including Eastern Europe/CIS and 4.6% from Other

IPG Photonics Cybersecurity Score

Cybersecurity ratingPremium dataset

F

46/100

SecurityScorecard logo

IPG Photonics Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

IPG Photonics Online and Social Media Presence

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IPG Photonics Company Culture

  • Overall Culture

    C-

    63/100

  • CEO Rating

    B

    74/100

  • Compensation

    C-

    61/100

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IPG Photonics News and Updates

IPG Photonics to Announce Second Quarter 2022 Financial Results on August 2

OXFORD, Mass., July 19, 2022 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) will release its second quarter 2022 financial results before the market opens on Tuesday, August 2, 2022. The company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To …

IPG Photonics Announces First Quarter 2022 Financial Results

Successful Diversification Across Geographies and Applications Drives Strong Demand, Enhanced by Solid Performance in Electric Vehicle Applications and Emerging Growth Products

IPG Photonics to Announce First Quarter 2022 Financial Results on May 3

OXFORD, Mass., April 19, 2022 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) will release its first quarter 2022 financial results before the market opens on Tuesday, May 3, 2022. The company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To acc…

IPG Photonics Co. (NASDAQ:IPGP) Expected To Post Quarterly Sales Of $333.49 Million

Wall Street analysts expect that IPG Photonics Co. (NASDAQ:IPGP – Get Rating) will announce $333.49 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for IPG Photonics’ earnings. The highest sales estimate is $335.28 million and the lowest is $…

IPG Photonics Shuts Down Operations in Russia, Moves Facilities

IPG Photonics Corporation released a statement saying that it hopes that the tragic crisis in Ukraine reaches a resolution as swiftly as possible and that the company's thoughts are with all of those who have been impacted.

IPG Photonics Announces Addition of New Directors to the Board

IPG Photonics Corporation (NASDAQ: IPGP) today announced that the Company has appointed Agnes K. Tang and Felix Stukalin to its Board of Directors, increasing the Board size to 10 directors.
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IPG Photonics Frequently Asked Questions

  • When was IPG Photonics founded?

    IPG Photonics was founded in 1990.

  • Who are IPG Photonics key executives?

    IPG Photonics's key executives are Eugene Scherbakov, Timothy P.V. Mammen and Alexander Ovtchinnikov.

  • How many employees does IPG Photonics have?

    IPG Photonics has 6,580 employees.

  • What is IPG Photonics revenue?

    Latest IPG Photonics annual revenue is $1.5 b.

  • What is IPG Photonics revenue per employee?

    Latest IPG Photonics revenue per employee is $222 k.

  • Who are IPG Photonics competitors?

    Competitors of IPG Photonics include Banner Engineering, Japan Aviation Electronics Industry and FANUC.

  • Where is IPG Photonics headquarters?

    IPG Photonics headquarters is located at 50 Old Webster Rd, Oxford.

  • Where are IPG Photonics offices?

    IPG Photonics has offices in Oxford, Anaheim, Birmingham, Dallas and in 30 other locations.

  • How many offices does IPG Photonics have?

    IPG Photonics has 35 offices.